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  3. American Economic Review
  4. June 2001
  5. Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

  • Sydney C. Ludvigson
  • Alexander Michaelides
American Economic Review
vol. 91, no. 3, June 2001
(pp. 631–647)
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Citation

Ludvigson, Sydney, C., and Alexander Michaelides. 2001. "Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?" American Economic Review, 91 (3): 631–647. DOI: 10.1257/aer.91.3.631

JEL Classification

  • E21 Macroeconomics: Consumption; Saving; Wealth
  • D15 Intertemporal Consumer Choice; Life Cycle Models and Saving